Bitcoin
noun
Bit·coin
ˈbit-ˌkȯin 
variants
or less commonly bitcoin
: a digital currency created for use in peer-to-peer online transactions
Introduced in 2008 by a person or group using the name Satoshi Nakamoto, Bitcoin is the most prominent of a group of virtual currencies—money that exists mainly as computer code—that have no central issuing authority.—
Carter Dougherty
Carter Dougherty… Bitcoin … is backed by no government and has a fluctuating value linked in part to a scarcity that is mathematically predetermined.—Glenn Zorpette
Glenn ZorpetteThe venture capital industry is beginning to take a good, hard look at a new financial instrument coming out of the bitcoin community—Initial Coin Offerings, or ICOs.—Richard Kastelein
Richard Kastelein
also, usually bitcoin
: a unit of this currency
Commercial space venture Virgin Galactic—which announced on Nov. 22 that it would start accepting bitcoins to reserve a refundable $250,000 seat on a future trip—is just the latest of many businesses that have recently embraced the decentralized virtual payment system. (At press time, 1 bitcoin was worth roughly $879.) —Time
Time Examples of Bitcoin in a Sentence
Recent Examples on the Web
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.
—Ari Levy, CNBC, 18 July 2025
Notably, Bitcoin recently hit a record high; it was valued at above $120,000 as the stablecoin bill moved closer to Trump's desk.
—Ashley Belanger, ArsTechnica, 18 July 2025
Traditionally, buyers use their personal bank accounts to buy a stablecoin, and then use the stablecoin to trade for some other kind of more volatile crypto, such as Bitcoin or something else.
—Allison Pecorin, ABC News, 18 July 2025
Part of that includes a one-credit-hour course this fall titled Bitcoin, Monetary History and the Financial Frontier, taught by Bennett Holloway, Blockworks content director and a Harding alumnus.
—Ryan Anderson, Arkansas Online, 17 July 2025
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Ari Levy, CNBC, 18 July 2025
Notably, Bitcoin recently hit a record high; it was valued at above $120,000 as the stablecoin bill moved closer to Trump's desk.
—Ashley Belanger, ArsTechnica, 18 July 2025
Traditionally, buyers use their personal bank accounts to buy a stablecoin, and then use the stablecoin to trade for some other kind of more volatile crypto, such as Bitcoin or something else.
—Allison Pecorin, ABC News, 18 July 2025
Part of that includes a one-credit-hour course this fall titled Bitcoin, Monetary History and the Financial Frontier, taught by Bennett Holloway, Blockworks content director and a Harding alumnus.
—Ryan Anderson, Arkansas Online, 17 July 2025
See All Example Sentences for Bitcoin
Cite this Entry
“Bitcoin.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Bitcoin. Accessed 29 Jul. 2025.
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